Mountain Crest Acquisition Corp. III (NASDAQ:MCAE – Get Rating) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,500 shares, a decrease of 37.5% from the July 15th total of 2,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,500 shares, the short-interest ratio is presently 0.4 days.
Mountain Crest Acquisition Corp. III Stock Performance
NASDAQ MCAE opened at $9.92 on Friday. The firm has a 50-day simple moving average of $9.90 and a 200 day simple moving average of $9.89. Mountain Crest Acquisition Corp. III has a twelve month low of $9.37 and a twelve month high of $10.13.
Get Mountain Crest Acquisition Corp. III alerts:Institutional Investors Weigh In On Mountain Crest Acquisition Corp. III
Hedge funds have recently made changes to their positions in the stock. Taconic Capital Advisors LP acquired a new position in Mountain Crest Acquisition Corp. III in the first quarter worth about $1,490,000. P Schoenfeld Asset Management LP bought a new position in Mountain Crest Acquisition Corp. III in the 1st quarter valued at $1,018,000. RPO LLC boosted its stake in Mountain Crest Acquisition Corp. III by 222.9% in the second quarter. RPO LLC now owns 80,337 shares of the company's stock worth $793,000 after purchasing an additional 55,457 shares in the last quarter. Graham Capital Wealth Management LLC bought a new stake in shares of Mountain Crest Acquisition Corp. III during the fourth quarter worth $454,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Mountain Crest Acquisition Corp. III by 280.6% during the first quarter. Goldman Sachs Group Inc. now owns 49,075 shares of the company's stock worth $483,000 after purchasing an additional 36,180 shares during the last quarter.
About Mountain Crest Acquisition Corp. III
(Get Rating)Mountain Crest Acquisition Corp. III does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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